Trading Platforms

[m3taphysics]

Hi guys, I have been looking into day trading for a few weeks. I am already a professional gambler always looking into new avenues and ways to create wealth. I do already trade within my ISA allowance and try to fill it up each year.

However - I am also interested in looking at day trading. Its quite a wide field obviously. I was hoping to ask some experienced day traders on what sort of platform to begin with.

I have looked into SureTrader but I have no idea whats legitimate, theres Plus500 etc etc, there seems to be so many. All with varying reviews.

I just want to be able to get hooked into some live markets (hopefully with a demo account) so I can hit some buttons, attempt to spot patterns e.t.c. This should help as I am researching to understand and get to grips with what they are talking about.

I am interested in pattern and momentum trading but I have no idea if this is just a fallacy or it can genuinely be profitable.

If so, where can I start with a platform to try it out on?

Anyway, cheers in advance .

 

[sgtmarkets]

You can monitor positions, balances, and margins in real time, conduct position reconciliations and see trading volumes over any given period. Financial statements and trade recaps are sent to clients for trade and cash reconciliations on a daily basis.

 

[alextrader79]

I use mt4 for trading, as it's quite familiar to me and I know what and where is placed there. It's secure and popular, has all necessary indicators. I have this platform of my working computer, laptop, smartphone..
I'd say it's nice for newbies as well

 

[JL6trader]

I've heard FXCM for forex is good, does anyone know any others?

 

[alextrader79]

I've heard FXCM for forex is good, does anyone know any others?

It's not a platform. It's a broker.

 

[HobbyTrader]

I have heard that metatrader is pretty good and flexible. There is also NinjaTrader that seems to be pretty good. If your broker is supported by both platforms you should try them both to see which you like the most.

 

[gemmie.kirito]

Using

I use mt4 for trading

 

[hANSIc99]

If you're familar with programming (especially in Python), build your own platform. There are many APIs out there to query OHLC data.

 

[Pat494]

The MT4 platform is good, programmable and FREE. With plenty of stuff you can buy,

 

[alextrader79]

If you're familar with programming (especially in Python), build your own platform. There are many APIs out there to query OHLC data.

But is it allowed by brokers? I mean using an originally designed program?

 

[Pat494]

but is it allowed by brokers? I mean using an originally designed program?

yes

 

[alextrader79]

yes

Interesting, I thought that companies are against using something else than their programs. Still, I asked my broker about NinjaTrader, but they allowed using MT4 only. Maybe that's due to the fact that ninja is commercial software...
It was the reason for me to think that originally designed software is not allowed either.
Thanks for the info